Georgian Finance Minister, IMF Deputy Chief review reforms
Within the format of the Annual Meetings of the World Bank and IMF Board of Governors, the officials positively evaluated the steps taken by the Georgian Government in the direction of macroeconomic stability and fiscal discipline, the Finance Ministry said. Photo via Finance Ministry
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The progress of the reforms implemented in Georgia with the International Monetary Fund’s support, as well as the current economic situation in the country, was reviewed on Thursday by the Georgian Finance Minister Lasha Khutsishvili and James John, the Deputy Chief of the IMF.
Within the format of the Annual Meetings of the World Bank and IMF Board of Governors, the officials positively evaluated the steps taken by the Georgian Government in the direction of macroeconomic stability and fiscal discipline, the Finance Ministry said.
Happy to meet James John, Mission Chief of #IMF within the scope of the #SpringMeetings to review the flow of IMF-supported reforms & current economic performance, along with the commendable measures taken by @GovernmentGeo towards macroeconomic stability & fiscal discipline. pic.twitter.com/mbf8Z0E2qp
— Lasha Khutsishvili ???????? (@Lasha_Khutsish) April 13, 2023
Earlier today, Khutsishvili also participated in a high-level discussion under the theme of Tackling Global Risks - Building Capacity to Manage Public Debt, where he highlighted the country's “unprecedented improvement” in public debt management.
Photo via Finance Ministry
This progress has been the result of a strong financial management system in the public sector and the observance of reasonable fiscal discipline, as well as the existence of macro-fiscal parameters and debt sustainability analysis practices, debt portfolio diversification and prudent management of public finances, the Minister stressed.